Groq has confirmed a $650mn raise to rebuild itself as an AI inference cloud, six months after Nvidia paid out its investors and hired away its founder. The Groq $650M round is a bet that purpose-built chips still beat GPUs. Groq spent years as one of …
Qualcomm is closing in on a deal to buy AI-software startup Modular for about $4bn. The Qualcomm Modular deal would hand the chipmaker fresh ammunition in its fight to rival Nvidia. Qualcomm has entered advanced talks to acquire Modular, according to B…
Abu Dhabi’s MGX AI fund has raised close to $50bn. For the first time, the emirate leaned on outside investors to do it, and the money is already going out the door. MGX is the Abu Dhabi investment firm built for the AI era. It has pulled in nearly $50…
Californians pay the highest gas prices in the U.S. and a proposed class action says that the issue has been exacerbated by an AI-tool that smartly squeezes customers for the best profits.
Oracle cut 21,000 jobs in fiscal year 2026 as AI automation and AI cloud expansions reshape its workforce and spending strategy.
The UK government is backing two new university AI labs with up to £60m in investment, which will look to develop the “next generation” of AI systems.The funding will be shared between AI research lab…
The United Nations wants artificial-intelligence companies to stop treating the environmental bill as somebody else’s problem. In a call amplified this week by Secretary-General Antonio Guterres, the organisation is pressing the firms behind the AI boo…
Jos Benschop is climbing a ladder to get to the top of his newest machine. It’s a bit of a schlep. The contraption is the size of a double-decker bus—more than 150 tons of gleaming precision-milled aluminum covered in thousands of snaking tubes, colored cables, and pressurized tanks. From the ground, it looks like a…
A group of California drivers has sued six of the country’s biggest fuel retailers, accusing them of using an artificial-intelligence pricing tool to coordinate the cost of petrol and keep it artificially high. The complaint, filed on 22 June 2026 in f…